What Government Loan Schemes Support Stone Crusher Startups in Maharashtra?
Aago:
7 August 2021
Starting a stone crusher business in Maharashtra requires substantial investment and financial support. To encourage small businesses, the government and financial institutions have introduced various loan schemes tailored for MSMEs (Micro, Small, and Medium Enterprises). For stone crusher startups in Maharashtra, the following government loan schemes can be helpful:
1. Pradhan Mantri Mudra Yojana (PMMY)
- Ìdí: Provides funding to non-corporate, non-farm small/micro enterprises.
- Loan Amount: Up to ₹10 lakhs (divided into three categories: Shishu, Kishor, and Tarun).
- Eligibility: Entrepreneurs engaged in trading, manufacturing, or service sector activities, including stone crushers.
- Anfaani: Collateral-free loan at lower interest rates.
2. Stand-Up India Scheme
- Ìdí: Supports SC/ST and women entrepreneurs to set up greenfield enterprises.
- Loan Amount: ₹10 lakh to ₹1 crore.
- Eligibility: At least 51% ownership must be with SC/ST or women entrepreneurs.
- Anfaani: Loans for plant setup, purchase of machinery, or other project-related expenses.
3. Prime Minister’s Employment Generation Programme (PMEGP)
- Ìdí: Provides funding for new ventures in manufacturing, service, and business sectors.
- Loan Amount: Depends on project cost (up to ₹25 lakh for manufacturing).
- Eligibility: First-time entrepreneurs and MSMEs.
- Anfaani: Subsidy-based funding system (15%–35%).
4. SIDBI Make in India Soft Loan Fund for MSMEs (SMILE)
- Ìdí: Supports MSMEs with an emphasis on manufacturing and service businesses.
- Loan Amount: Depends on project requirements, typically ₹10 lakh to ₹25 lakhs.
- Eligibility: Small businesses complying with MSME standards.
- Anfaani: Quicker loan approval and concessional interest rates.
5. Maharashtra State Government Schemes
- A. District Industries Centre Loan SchemeIt appears that there's no content provided for translation. Please provide the text you'd like translated to Yoruba, and I'll be happy to assist!
- Provides financial assistance to MSMEs for machinery purchase and operational expenses.
- B. Seed Money SchemeIt appears that there's no content provided for translation. Please provide the text you'd like translated to Yoruba, and I'll be happy to assist!
- Offered by the Maharashtra government specifically for new entrepreneurs.
- Loan amount up to ₹25 lakh.
6. Credit Linked Capital Subsidy Scheme (CLCSS)
- Ìdí: Assists MSMEs in upgrading technology or buying machinery.
- Eligibility: Small enterprises across manufacturing sectors.
- Anfaani: Capital subsidy of up to 15%.
7. National Bank for Agriculture and Rural Development (NABARD)
- Ìdí: Provides long-term loans for rural businesses, including stone crusher units, under development programs.
- Loan Amount: Based on project feasibility; funding available for machinery, infrastructure, etc.
8. State Bank of India (SBI) SME Loans
- Ìdí: Offers financial support to MSMEs, including stone crusher businesses.
- Loan Amount: Based on business requirements.
- Anfaani: Competitive rates and collateral-free loans under CGTMSE.
Steps to Avail Loan for a Stone Crusher Business:
- Create a detailed business plan outlining project cost, machinery, operations, and market scope.
- Determine eligibility based on the loan scheme requirements.
- Prepare the necessary paperwork (KYC documents, business registration certificates, project report).
- Visit the respective bank or financial institution (preferably PSU Banks or NBFCs).
- Apply under the appropriate scheme.
It is advisable to consult your local District Industries Centre (DIC) in Maharashtra for updated details on state-specific schemes and eligibility criteria. Additionally, contacting a Small Business Development Bank (SIDBI) representative or approaching MSME-focused banks like SBI can provide tailored information for your stone crusher startup.
Kan si wa
Shanghai Zenith Mineral Co., Ltd. jẹ́ aṣáájú ẹgbẹ́ iṣelọpọ ti ẹ̀rọ gígùn àti ẹ̀rọ mimu ni Ṣáínà. Pẹ̀lú iriri to ju ọdún 30 lọ ni ile-iṣẹ ẹrọ iwakusa, Zenith ti kọ orúkọ tó lágbára fún pípè ní àjà ti àwòpọ́, awọn ọna abáyọ, àwọn ẹrọ ṣiṣe iyan, àti awọn ohun elo ìtòsí mineral sí àwọn oníbàárà ni gbogbo agbáyé.
Ile-iṣẹ naa ti wa ni ile-iṣẹ rẹ ni Shanghai, China, Zenith ni iṣọpọ iwadi, iṣelọpọ, tita, ati iṣẹ, n pese awọn ọna isọdọkan pipe fun awọn akopọ, iwakusa, ati ile-iṣẹ gige ohun alumọni. Ohun elo rẹ ti wa ni lilo ni ibigbogbo ni metallurgy, ikole, injinia kemikali, ati aabo ayika.
Nítorí ìtẹ́numọ́ sí ìmọ̀ tuntun àti ìtẹ́lọ́run oníbàárà, Shanghai Zenith ń bá a lọ nínú ikole amí, àti iṣelọpọ aláwọ̀ pẹlẹbẹ, ń fúnni ní ẹ̀rọ tó dájú àti iṣẹ́ pẹ̀yà lẹ́yìn-tí-a-sá-n-pè láti ràn àwọn oníbàárà lọ́wọ́ kí wọ́n lè ní iṣẹ́ tó ní ìmúrasílẹ̀ àti tó ní àyè ìtẹ́siwaju.
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